Policy adminstration

Float from insurance units including Geico has provided CEO Warren Buffett with funds to amass the largest equity stakes in companies including Coca-Cola, Wells Fargo and American Express.

The data is in: cloud is starting to make a dent in enterprise competitiveness.

Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.

There's a lot of interest in creating CDO positions, but what will be their main areas of responsibility?

The application offers support for operational reporting, management information and business analytics.

Sam Medina points out the differences between updating the Finance & Accounting organization functions and truly modernizing and transforming F&A across all functions and geographies.

Many factors contributed to the success of the MetLife Wall, which enables the insurer to see a complete view of customer interactions and activities. This ability helps call center agents work with customers more effectively and also benefits research and development.

Homeowners and private passenger auto have most impact on the reserve cycle, Guy Carpenter says.

A slew of promotions in the United States and abroad are announced to coincide with quarterly earnings report.

Having driven nearly 700,000 autonomous miles, Google’s self-driving car now is taking on the hazards of city driving.

InsuranceSuite is intended to help the multiline insurer streamline core systems and improve the agent experience.

LifePRO is a strategic policy administration platform for the consolidation and processing of life, annuity and Medicare Supplement products.

Insurers know that growth in revenues, profits and market share is dependent on their ability to attract and retain customers. In a highly competitive arena this means taking customers from competitors in the mature markets, and getting on top of the hill first in the emerging markets. They know that consumers are more informed, have access to more powerful devices, are more connected and can make formal and informal comparisons of products and services. They are therefore more demanding than consumers of the past. Insurers also know that customers will pay for value. Leading global insurers know how to create differentiating, lifetime value-adding propositions. In most cases, what separates the leaders from the rest of insurers is that the leaders have already shifted from being inwardly-focused to being customer-focused. They have engaged in some form of transformational thinking. (For a good definition of transformational thinking vs. legacy thinking, see my first blog.)

Here's what could have kept the initial, disastrous launch of the Affordable Care Act portal from being so disastrous.

Marc Constantini will report to to Chief Executive Officer Deanna Mulligan.

P&C insurer is implementing a billing system that encompasses the conversion of both personal and commercial lines data from its two legacy platforms.

PolicyWriter, by Adaptik Corp., is like no other P&C policy administration solution on the market – and we’re happy to prove it. Today’s Adaptik Blog entry highlights the software’s unique upgrade methodology. Want to read more about what makes PolicyWriter different? Click here.

Richard Hallman will focus on driving business process transformation and enabling differentiated value-added services to customers through technology.

Infrastructure functions can reduce costs and improve service delivery through better demand management.

Gartner CEO and senior executive survey shows that growth is the top priority, with executives displaying a “bullish” attitude toward technology-related business growth in 2014 and 2015.